Shanghai Airlines, one of China's local airlines, said losses in 2008 might more than double from 2007 because of weak travel demand and hedging losses, the company said in a notice to the Shanghai Stock Exchange Tuesday. The high oil prices, weak... ...full story at People's Daily
from People's Daily on Wed, Jan 21 2009
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| 20 Jan 09 |
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Shanghai Air net losses more than double on weak demand, fuel prices » People's Daily Shanghai Airlines' net loss more than doubled in 2008 to 870 million yuan (127.2 million U.S. dollars), the carrier said Tuesday in a statement to the Shanghai Stock Exchange. The airline, reporting unaudited figures to the exchange, cited the... |
| 24 May 09 |
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Hainan Airlines loses 208 mln U.S. dlrs in 2008 » People's Daily Shanghai-listed Hainan Airlines Co., Ltd. (HNA) reported a 1.42 billion yuan (208 million U.S. dollars) net profit loss last year due to high oil price and waning passenger demands. The company attributed the losses to the rising oil price in the... |
| 27 Nov 08 |
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Fuel-hedging losses hit China Eastern » People's Daily SHANGHAI: China Eastern Airlines is evaluating potential losses from its fuel-hedging contracts, said the company yesterday, declining to verify reports that the cost may be as much as $690 million by Nov 14. "We're assessing the possible losses on... |
| 23 Jan 08 |
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Shanghai airlines forecast mixed results » People's Daily Two major Shanghai-based airlines released 2007 earnings previews yesterday, with China Eastern expecting a turnaround while Shanghai Airlines predicted a loss. A shares in China Eastern and Shanghai Airlines plunged to daily limits in y ... |
| 12 Jan 09 |
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China Eastern Airlines reports huge loss in fuel hedging » People's Daily China Eastern Airlines Co. said Monday that its unaudited loss in the fair value of fuel hedging contracts was estimated at 6.2 billion yuan (906 million U.S. dollars) by the end of 2008. The huge loss came as the global crude oil prices plunged... |
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